Jones Lang LaSalle (NYSE:JLL) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a buy rating to a strong-buy rating in a research note published on Monday morning.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods decreased their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. UBS Group reduced their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. cut their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Finally, Raymond James raised their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $315.83.

Jones Lang LaSalle Trading Down 0.7 %

Shares of JLL opened at $232.74 on Monday. The stock has a market capitalization of $11.06 billion, a PE ratio of 20.61 and a beta of 1.33. The company’s fifty day moving average is $236.60 and its 200 day moving average is $256.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle has a fifty-two week low of $186.50 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $4.23 EPS. Sell-side analysts expect that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA raised its position in shares of Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Jones Lang LaSalle during the 1st quarter valued at approximately $33,000. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $35,000. Western Pacific Wealth Management LP purchased a new stake in shares of Jones Lang LaSalle during the first quarter valued at $41,000. Finally, Principal Securities Inc. raised its stake in Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 110 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.